Reserve Bank of India (RBI) released a monthly bulletin on Friday, September 20, stating that food price volatility remains a contingent risk, even though the inflation indicator, the consumer price index (CPI),

Food price volatility remains a contingent risk even as the overall retail inflation has remained below the target of 4 per cent for the second consecutive month in August, said the latest Bulletin of the Reserve Bank released on Friday.

India's headline inflation may average 4.5% in the second half of the fiscal year, aided by weaker crude oil prices, although volatility in food prices can pose a challenge, the central bank said in its monthly bulletin on Friday.

India's overall inflation rate is projected to average 4.5 per cent during the second half of this fiscal year, supported by lower crude oil prices, though unstable food prices may pose a challenge, according to the Reserve Bank of India ( RBI ) in its latest monthly bulletin released on Friday.